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With the economic crisis looming darker each passing day, Jaguar and Land Rover are having quite a hard time attempting to vend luxury vehicles, and parent company Tata Motors is appealing for a large loan to keep the British Brands operational. Overall, Tata is asking £1 billion from the British government to assist it pay off the bills. That is practically huge sum bearing in mind that it corresponds to £67,000 for each of the British brands’ 15,000 employees in the UK. British Prime Minister Gordon Brown is reported to be nearing a decision concerning the loan, though it’s expected that the funds would come with a condition that looks after workers in the UK.

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Tata Motors asks for loan to keep Jaguar and Land Rover operational

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